Putin suggests halting gas exports to Europe as flows drop

President Vladimir Putin of Russia has suggested that the country might find it more profitable to cease gas deliveries to Europe immediately. This consideration follows a significant rise in energy costs linked to the ongoing crisis in Iran. Putin noted that shifting focus toward new markets, specifically China, is a viable alternative to enduring European policy shifts.

"It could be beneficial for Russia to halt gas supplies to Europe right now amid a spike in energy prices triggered by the Iran crisis, rather than wait for a European ban on remaining purchases."